Musk tells at a Morgan Stanley conference that Twitter could make money again this quarter.
Twitter could be profitable this quarter; Image: CNN
Elon Musk said at a Morgan Stanley investor conference that there is a chance Twitter will make money again this quarter. Musk also said at the conference that Twitter was deficient in making money.
Musk also listed some problems he will address. A massive loss of revenue took place in ads. He now wants to run more relevant ads for each user on the platform to attract advertisers again.
Last Monday, users were also unable to open links due to a small change in the software code. Engineers are working to fix that bug, he said.
Musk also wants to offer the ability to send money between users. At the conference, he said it would be possible to become the largest financial institution in the world. Details were not provided.
Twitter currently has 253 million daily active users who were monetized. On average, the company earned 5 to 6 cents per hour per user. Musk says 15 to 20 cents per hour per user is possible.
Musk also mentioned that it would take years for the company to establish a management team. However, he still wants to replace his CEO post by someone by the end of the year.
コメント